Kulicke & Soffa (KLIC) Q1 FY2026 Earnings Call — February 5, 2026

Date: February 5, 2026 | Source: Yahoo Finance/Quartr KLIC Q1 FY2026 transcript + Kulicke & Soffa IR press release (investor.kns.com)

Participants:Lester Wong (Interim CEO & CFO), Joseph Elgindy (Senior Director, Investor Relations & Strategic Planning).

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Operator: Greetings, and welcome to the Kulicke & Soffa first quarter 2026 earnings call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. It is now my pleasure to introduce your host, Joe Elgindy, Senior Director, Investor Relations. Thank you, sir. You may begin.

Joseph Elgindy, Senior Director, IR: Thank you. Welcome, everyone, to Kulicke and Soffa's Fiscal First Quarter 2026 Conference Call. Lester Wong, Interim Chief Executive Officer and Chief Financial Officer, also joins me on today's call.

Non-GAAP financial measures referenced today should be considered in addition to, not as a substitute for, our GAAP financial information. GAAP to non-GAAP reconciliation tables are included within our latest earnings release and earnings presentation, both available at investor.kns.com along with prepared remarks for today's call.

Lester Wong, Interim CEO & CFO: Kulicke & Soffa delivered Q1 FY26 revenue and earnings above expectations. First-quarter net revenue was $199.6 million, with net income of $16.8 million, representing EPS of $0.32 per fully diluted share, and non-GAAP net income of $23.1 million, representing non-GAAP EPS of $0.44 per fully diluted share.

The quarter was driven by a 27% sequential and 90% year-over-year increase in general semiconductor revenue, with strong demand in memory and advanced packaging. As we continue preparing to support customers' higher near-term capacity requirements, we remain committed to broadening our market reach in parallel.

Our gross margin was approximately 49%, reflecting strong execution and a favorable product mix as demand inflects.

For the second quarter of fiscal 2026, we expect net revenue of approximately $230 million, an increase of about 15% sequentially, with gross margins stable at approximately 49%. We expect the second half of fiscal 2026 to be 15% to 20% higher than the first half, citing robust utilization and ongoing strength in advanced packaging and power semiconductor segments.

Questions & Answers

Yu Shi (Needham): Can you expand on the strength you are seeing in memory and advanced packaging, and how sustainable is the inflection?

A (Lester Wong): We are seeing strong demand in memory and advanced packaging, which drove a 27% sequential increase in general semiconductor revenue. Demand is inflecting faster than expected as customers prepare for higher near-term capacity requirements. We expect continued strength through the second half of fiscal 2026, which we see 15% to 20% higher than the first half.

Craig Ellis (B. Riley): How should we think about the gross margin trajectory with the revenue ramp?

A (Lester Wong): We are guiding gross margins stable at approximately 49% in Q2. As volumes scale and utilization remains robust, we see opportunity for margin leverage, supported by the ongoing strength in advanced packaging and power semiconductors.